Core Points - The European Commission has accused Meta's Facebook and Instagram, as well as TikTok, of breaching the Digital Services Act (DSA), which could lead to significant fines for these companies [3][4][5] - This marks the first time Meta has been formally accused of violating the DSA, which the company has denied [4][9] - The EU's preliminary findings indicate that both Meta and TikTok have not provided adequate access to public data for researchers, which is essential for understanding the exposure of children to harmful content [5][6] Regulatory Compliance - EU regulators emphasize that the DSA is not only about transparency but also about enabling researchers to conduct vital work regarding content exposure [6] - TikTok has expressed its commitment to transparency but highlighted potential conflicts between DSA requirements and GDPR data protection rules [6][7] - The EU has pointed out that Meta's platforms lack user-friendly mechanisms for reporting illegal content and challenging moderation decisions, which could be considered deceptive practices [8][9] Potential Consequences - If Meta and TikTok fail to address the EU's concerns satisfactorily, they may face fines for each breach on each platform [10] - The EU's digital spokesman has defended the DSA against accusations of censorship, asserting that it protects free speech by allowing citizens to contest unilateral content moderation decisions [10][11] - Both companies are currently under investigation for various issues, including their effectiveness in combating the addictive nature of their platforms for children [11]

PresentationRichard HarrisCFO & Executive Director [Presentation] What a great video there showcasing some of the best that Grosvenor has to offer. Good morning, everyone. I'm Richard Harris, and I'm delighted to welcome you to this Rank Group Capital Markets event. Before we start, I've got the pleasure of talking to you about fire alarms and toilets. So if we do have a fire alarm today, it is genuine. It's not a test, I'm afraid. There are no planned fire alarms. There is an exit behind you to my left an ...

Key Takeaways ITW's Q3 earnings rose 6% year over year to $2.81 per share, topping the consensus estimate.Revenues grew 2% to $4.06 billion, driven by currency gains and a 1% organic sales increase.Operating margin expanded 90 bps to 27.4%, aided by 140 bps from enterprise initiatives.Illinois Tool Works Inc. (ITW) reported third-quarter 2025 adjusted earnings of $2.81 per share, which surpassed the Zacks Consensus Estimate of $2.56. Earnings increased 6% year over year.Illinois Tool’s revenues of $4.06 bil ...

and Ford beating on earnings but lowering guidance after a fire hit operations at the manufacturing plant of their primary aluminum supplier last month. >> In fact, here to help us break down the Ford quarter, what it means for the rest of Autos is former Ford CEO Mark Fields, also a CNBC contributor. Mark, happy Friday.Thanks for being with us. >> Great to be here, Carl. Thanks.>> What a week between um the fire, which we'll get to in a second, but tariff expectations, uh Ford's comments about EVs, what do ...

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Core Insights - Credo Technology Group Holding Ltd. (CRDO) and Astera Labs, Inc (ALAB) are key players in high-speed connectivity solutions essential for AI and data center infrastructure, attracting investor interest due to the rapid proliferation of AI [1][2] CRDO: Explosive Growth Trajectory - CRDO's revenue grew 274% year over year to $223.1 million, driven by strong performance in Ethernet and Active Electrical Cables (AEC) [3][7] - AECs offer up to 1,000 times more reliability and 50% lower power consumption compared to optical solutions, enhancing cluster reliability and reducing power consumption [4] - CRDO is diversifying its market position by investing in copper and optical solutions, with its optical DSP segment expected to double revenues in the current fiscal year [5] - The introduction of the ZeroFlap optical transceiver product line supports speeds of 400G, 800G, and 1.6T, addressing optical link flaps that disrupt network performance [6][8] - Non-GAAP operating income reached $96.2 million, a significant increase from $2.2 million in the prior year, showcasing strong profitability [9] - CRDO reported free cash flow of $51.3 million and had $479.6 million in cash and equivalents, positioning it well for future growth opportunities [10] - For fiscal 2026, CRDO anticipates mid-single-digit sequential revenue growth, leading to a projected 120% year-over-year increase [11] ALAB: Younger Entrant but Gaining Ground Rapidly - Astera Labs, founded in 2017, designs advanced interconnect products and is experiencing revenue growth from its signal conditioning and Switch Fabric product lines [12] - The Scorpio PCIe Fabric Switches are rapidly gaining traction, expected to exceed 10% of total revenues by 2025 [13] - ALAB anticipates Q3 2025 revenues between $203 million and $210 million, reflecting a 6-9% quarter-over-quarter increase [13] - The Aries product line is diversifying across GPU and custom ASIC systems, enhancing ALAB's position in high-speed signal conditioning [14] - ALAB is focused on product innovation and has joined the Arm Total Design ecosystem to develop next-gen chiplet solutions for AI infrastructure [17] - ALAB announced the acquisition of aiXscale Photonics GmbH to enhance its photonic scale-up solutions [18] Price Performance and Valuation - Over the past month, CRDO's stock increased by 4.2%, while ALAB's stock decreased by 18.4% [22] - CRDO is trading at a forward 12-month price/sales ratio of 23.8X, lower than ALAB's 28.23X [23] Analyst Estimates - Analysts have significantly revised CRDO's bottom line estimates upward in the past 60 days, indicating strong growth expectations [27] - In contrast, ALAB has not seen any estimate revisions during the same period [28] Investment Outlook - Both CRDO and ALAB are well-positioned to benefit from the growing AI-driven data center market, with CRDO currently holding a Zacks Rank 1 (Strong Buy) compared to ALAB's Zacks Rank 3 (Hold) [30]

DETROIT – General Motors laid off more than 200 salaried employees on Friday, as the automaker continues to reevaluate its businesses and cut costs to boost profits.The impacted employees were largely Computer-Aided Design, or CAD, engineers who worked at the company's global tech campus in metro Detroit, according to GM."We're restructuring our design engineering team to strengthen our core architectural design engineering capabilities," GM said in an emailed statement. "As a result, a number of CAD execut ...

Key Takeaways Valley National's Q3 adjusted EPS of $0.28 beat estimates and rose 55.6% year over year.Higher net interest and non-interest income boosted results, offsetting increased expenses.Loans slipped slightly while deposits grew; capital ratios and profitability strengthened.Shares of Valley National Bancorp (VLY) rose 4.2% in yesterday’s trading session on better-than-expected quarterly results. Its third-quarter 2025 adjusted earnings per share of 28 cents surpassed the Zacks Consensus Estimate of ...

Key Takeaways Defense aerospace sales made up 17% of Howmet's Q2 revenues, rising 21% year over year.F-35 engine spares and fighter jet parts continue to drive growth in the Engineered Structures unit.A strong defense budget and new military programs support sustained demand momentum for HWM.Howmet Aerospace Inc.’s (HWM) defense aerospace market is playing a significant role in driving its overall growth. In second-quarter 2025, the company’s revenues from the defense aerospace market accounted for 17% of i ...

Key Takeaways Service Corporation benefits from strong leadership in the recession-resilient deathcare industry. A broad network and balanced at-need and pre-need services provide steady recurring revenues. Focused investments in cemeteries, facilities and acquisitions strengthen SCI's growth foundation. Service Corporation International (SCI) is likely to register an increase in both top and bottom lines when it reports third-quarter 2025 earnings on Oct. 29. The Zacks Consensus Estimate for Service Corpor ...